Can someone explain to me why this potential deal is being leaked to the media? Clearly, it’s not in the best interest of AVGO. I’m guessing someone at QCOM leaked the details in order to make the stock price rise, in order to prevent the deal from happening.
I’m hoping AVGO goes hostile and fucking kills everyone on the QCOM board.
Source: Bloomberg
Broadcom Ltd. is considering a bid of more than $100 billion for Qualcomm Inc., according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker.
Broadcom is speaking to advisers about the potential deal, said the people, who asked not to be identified because talks are private. The offer of about $70 a share would include cash and stock and is likely to be made in the coming days, the people said. A final decision on whether to proceed has not been made, they said.
Qualcomm shares rose as much as 19 percent in New York in their biggest intraday move since October 2008. They traded up 12 percent at 2:23 p.m., valuing the company at $91 billion. Broadcom rose 4.7 percent, for a market valuation of $111 billion.
Anti-trust anyone? No? Whatever happened to the idea that monopolies were bad for business, such as FUCKED FACES being able to idly charge $1,000 for one of their phones?
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Owning a fucked phone is now more important than owning fucked car, not for me but for many.
Just look at pics of the “things” that lined up early to get the iphone X. For them it’s a status symbol, not a phone. And after that they go with their “just bought” tracking devices to Starfucks.
https://tinyurl.com/ycx3bjce
Why would anyone own a car? You can just call one whenever you need a ride on your iPhone X.
1k isn’t that much when the average family gets $4k back from the tax plan (extra Huckabee).
Well, now we know another reason why AVGO is leaving Singapore.
Insider trading..everyday. Someone likely had calls in the high 50 or 60 strike that expired today, calls that they bought earlier in the week for a few magic beans.
mommywill get me any
phone i want.
o(^_^)o
It’s not a phone. It’s a computer.
Remember spending a grand on a IBM PC with a green screen in 1984? That was a months salary then.